Microeconomics

Leeds, vonAllmen and Schiming

Chapter 13, Antitrust, Regulation, and Deregulation

1. Government's Role in Promoting Efficiency
   1. Why Intervene
      1. Promote Productive Efficiency
      2. Promote Innovation
      3. Improve Allocative Efficiency
   2. Market Structure
      1. Natural Market Structure
      2. Optimal Market Structure
2. The Legal Framework of Antitrust Policy
   1. The Sherman Act (1890)
      1. Addystone Pipe - price fixing
      2. Tobacco Trust - predatory pricing
   2. The Clayton Act (1914)
      1. price discrimination
      2. product tie-ins
   3. The Federal Trade Commission Act (1914)
   4. Antitrust Policy
      1. Per se illegality
      2. Rule of reason
3. Mergers
   1. Conglomerate
   2. Vertical
   3. Horizontal
4. Regulation
   1. Public Interest Theory
   2. Capture Theory
5. Deregulation
   1. Factors Favoring Deregulation
      1. No Clear Choice for a Regulatory Strategy
      2.  Technology
   2. Reasons for Deregulation